English

Contract Analysis / Document Review

KON-trakt uh-NAL-uh-sis / DOK-yuh-ment ri-VYOO
The process of reviewing and analyzing legal documents, such as contracts, to identify key provisions, assess risks, and ensure compliance with legal requirements. It may involve identifying ambiguities, inconsistencies, potential areas of dispute, and opportunities for negotiation.
The attorney conducted a thorough contract analysis to assess the potential risks and benefits for their client before advising them to sign the agreement.
N/A (Common legal practice)
← Back to BrowseNext Term →

Frequently Asked Questions

What are the goals of contract analysis?

The goals are to understand the rights and obligations of the parties, identify potential risks and liabilities, and ensure compliance with legal requirements.

What are some common tools used for contract analysis?

Tools can include manual review, checklists, software with search and analysis features, and artificial intelligence (AI) tools that can automate certain aspects of the review process.

What is the role of document review in litigation?

Document review is a crucial part of the discovery process in litigation, where parties exchange relevant documents to assess the strength of their case and prepare for trial.

See all that Filevine can do with a customized demonstration from our team

Schedule a Demo